River City Writer

A Street Level View of Edmonton, Alberta, Canada

Are There Still Affordable Rents in Edmonton?

with 5 comments

Until recently, I was looking at purchasing a condo. Unfortunately, due to a number of circumstances, this isn’t a realistic possibility at the moment.

Despite the high cost of rent in the city, it is still more affordable for me to rent than it is to buy, even after my rent increases to $975 come January.

However, I’d rather not pay that high of a rental rate. Admittedly, as I live in a 2-bedroom apartment, that’s actually a fairly decent rate in the current market. It’s a 50% increase over what I currently pay, but it’s not outside the typical market price.

But, I live alone, and I would like to keep it that way if possible.

I tend not to do well with roommates. And, having got used to living alone over the last 7 months or so, I don’t like the idea of coming home to find someone else sitting on the couch.

If I were living with a girlfriend, or one of my brothers, that would be different. But, excepting those 2 situations, I’m not fond on the idea of living with a roommate. Besides, I’ve done it before, and it nearly destroyed the friendship I had with my roommate at the time.

Because of this, I’m looking for a place with cheaper rent. If I could find a 2-bedroom unit for less than what I’ll be paying here, that would be ideal. That’s not likely to happen, though, so I’m looking at 1-bedroom units.

I’ve called a few places so far, and it seems that they’re all in the $800+ range. At that price, it almost seems better just to stay put. Sure, it will cost more than moving to a 1-bedroom unit, but by fewer than $200 in most cases.

This has got me to wondering if there is anywhere in this city that is still affordable for the average single, middle-class person.

For the average working couple, the rent for a 1 or 2-bedroom apartment isn’t unreasonable. It’s not cheap, but with a double income, it’s not too bad. What about single income households, though?

While I can afford to pay $975 a month, it’s a bit of a stretch. I imagine the same is true for a lot of other people, as well.

There is low income housing the in city (though, not nearly enough of it), but I make too much money to qualify for it. I feel like I’m in the weird position of feeling as if I’m living on a low income, ironically due to the fact that I’m not. It’s very strange.

Ideally, I’d like a place that has a balcony. In fact, unless I get really desperate, I won’t even consider a place that doesn’t have a balcony. It must also have a powered parking stall.

It would be nice if I could find a place in a pet-friendly building. I don’t have pets, but I wouldn’t mind getting a cat or similar small animal if I was renting a place that allowed it. That’s not a requirement, though.

If anyone happens to know of a place that might suit my needs, I’d appreciate if you could give me a shout about it. I think I’d prefer to wait until January to start seriously looking, since I’d rather not be moving over the holidays (which, given that it’s already halfway through November, and I am required to give 30 days notice to end my lease, would basically be inevitable if I were to find a place in the near future). But, if the price is right, I’d be willing to move over the holidays.

The real question I want to ask though, isn’t about my situation specifically. It’s a much more general question.

Is there anywhere in Edmonton that still charges a reasonable price for rent?

Written by Adam Snider

November 13th, 2007 at 6:57 pm

Posted in Civics

5 Responses to 'Are There Still Affordable Rents in Edmonton?'

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  1. 1 bedroom no balc 2nd fl $750
    large 1 bedroom with balcony $850
    are the going rates.
    $100 saved per month = $1200 per year that you will never replace once it’s spent. You can only find units for Jan 1 after Dec 1
    Do not get a pet or you will severely limit your options. Pets cause a lot of damage and most property owners do not allow pets. For example a cat urinating all over the carpets will cause $2000 damage to replace carpets and underlay and to seal coat the urine in the floorboards.
    Good luck!

    Les

    14 Nov 07 at 1:27 am

  2. Thanks Les, I sort of figured that those were the going rates. And, you make a good point. $100 is a $100, and it does add up quickly over the course of a year.

    As for a pet, it’s unlikely that I’ll get one until I own my own home. It’s just something that sometimes pops into the back of my mind.

    Adam Snider

    14 Nov 07 at 10:09 am

  3. I’d hate not having pets and mine do not make any damage. Cats are usually quite calm and my sister has had one in her apt. for years without any damage. I think that it just takes more effort finding a building which allows them. I got in just before my building cut them out of the leases but since I already had one, they’ve kind of closed a blind eye to the others I’ve brought in. The only thing which is “bad” about having pets is having to find someone to look after them when you go away, just like having a kid really.

    Rosemary

    15 Nov 07 at 10:24 am

  4. There’s a place on the corner of 102 ave and 114 st, two bedrooms, 650$ a month. I don’t know if it’s still for rent, but it’s worth a look if you are still seeking.

    I found a place to live in Edmonton by just walking around. For some reason, the sensible rentals don’t get advertised, they just have signs out by the street. So you gotta walk around.

    aj

    4 Dec 07 at 4:48 am

  5. Cool, thanks for the info, AJ.

    Adam Snider

    4 Dec 07 at 10:12 am

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